The price gap between electric cars and combustion engines is slightly decreasing
On the German new car market, customers can no longer expect high discounts, according to a study. After the cuts in sales promotion for electric cars, the largest provider, the Volkswagen Group, has reduced its discounts for important combustion engine models. Additionally, the list prices for the bestsellers Passat and Tiguan have been raised, as revealed by the regular market study of the private CAR Institute.
As a result, this means increases of between 3.7 and 4.8% in the respective transaction price at VW. This is the amount a buyer actually has to pay, after deducting discounts from the list price.
An average of 16.2 % discount – 12.7 % for electric cars
According to CAR calculations, manufacturers are currently offering an average discount of 16.2% for freely configured new cars with combustion engines. For pure electric cars, the average discount is 12.7% off the list price. Unlike its competitors, the manufacturer Tesla operates with direct price changes and does not offer any discount.
The price gap between electric cars and combustion engines is somewhat alleviated by higher transaction prices for combustion engines, explained study director Ferdinand Dudenhöffer. However, even with the slight price reductions at Tesla, this is not enough for a market trend shift towards more electric mobility.
Affordable Chinese Compact Car
Movement could begin in September with the affordable Leapmotor T3, which the Stellantis Group assembles in Poland with a Chinese partner. The compact car is to be offered with a relatively powerful lithium-ion battery that provides a range of about 280 km. According to the manufacturer, the battery can be charged to 80% of its capacity at a fast-charging station in 36 minutes. In France, the T3 costs around 26,000 euros according to "Auto Motor Sport." Other European markets, including Germany, are to be supplied starting in September 2024.
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